Risk assessment in the implementation of construction projects in developing countries

The construction industry plays an important role in the economic growth and the socio-economic development, which are particularly important for the developing countries. The current general situation in the construction of buildings in a country like ours is that the product of a construction company is mainly characterized by the poor quality of work, exceeding the costs and the time for realization. These characteristics exist as many risks are taken into account very little in the project planning and realization or not taken into account at all. Therefore, it is necessary that the managing of the risks for improvement of the weak performances of the current project to be in the focus. This paper aims to identify the main risk factors, that have a significant impact on the project realization, a framework model to be developed for risk management which includes identification, assessment, analysis, mitigation and risk control in order to achieve better performance and successful project implementation in a given time frame, and to minimize the exceeding of costs and to optimize the quality of the project. The results obtained will affect the successful implementation of the project within the time frame, minimizing the excess of costs and optimization of the quality of the project